Indeed i always considered that the importance of in-house built capacity of fabrication and engineering during the refurbishment phase is underappreciaed by the market. It will show its benefits with lower maintenance costs and lower capex and reduced timelines for expansion to 20.000tpa +
We should not forget this is madagascar an african underderdevloped country where capital equipments are extremely expensive and labor extremely cheap. Using cheap labor to build equipment cheaply and substitute for more expensive and timee consuming imported equipment is extremely smart from management and will pay huge dividends both for opex and capex. It also helps local communities developing new higher value added engineering and design skills. A win-win situation for everyone !
Happy multi-bagger investment to all !
BSM Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held
